PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hon Hai (2317 TT) posted record August revenue of TWD 921.8bln
Hon Hai reported record August revenue of TWD 921.77bln, EVA Airways announced baggage fee increases, and DBS projected Singapore's STI to reach 5,850 points by year-end.
News detail
TAIWAN EVA Airways (2618 TT) - Co. will raise excess baggage fees and revise other international baggage charges from 29th September, citing higher fuel prices and rising global operating costs amid economic and geopolitical pressures. (Focus Taiwan) Foxconn Technology (2354 TT) - Co. August revenue was TWD 21.87bln (prev. TWD 13.80bln Y/Y). (Dow Jones Newsplus) Hon Hai Precision Industry (2317 TT) - Co. August revenue was TWD 921.77bln (prev. TWD 606.51bln Y/Y), marking a record for the month of August. (Dow Jones Newsplus/Taipei Times) Largan Precision (3008 TT) - Co. August revenue was TWD 5.01bln (prev. TWD 5.98bln Y/Y). (Dow Jones Newsplus) Tech Nasdaq 100 eked out mild gains on Friday amid mixed trade as participants digested strong jobs data which supports expectations for a September Fed rate hike. SINGAPORE Other News Brokerages have raised their STI targets as earnings momentum continues into Q4, with DBS Group Research expecting the index to reach 5,850 points by year-end. (Business Times)
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